The Economy of Leesville Louisiana Essay Example | Topics and Well Written Essays - 1500 words - 1

The Economy of Leesville Louisiana - Essay Example Hubbard for grinding corn and sawing lumber. The first commodity store was opened by Daniel brown and his brother in the year 1868. On the west bank of the creek Newburn H. Guinnthe divided the land and sold out by making allotment for various business ventures. In 1870 he named the society as Leesburg. A post office was set up in 1873 and in the year 1874 the name was changed to Leesville. Growing cotton became the major occupation in this area after the Civil War. In 1900 railway construction was developed and by mid-1930s highways was also set up. Ranching, peanut and melon farming are the major occupations in Leesville. During 1968 to 1990 the population of the city was 150 and by the year 2000 it had seven rated business (Brown, n.d.). There is diversification of business within Louisiana. The government is very cooperating and keeps the upcoming entrepreneurs posted with the resources available for developing an enterprise within the state. The state of Louisiana is basically an industry based economy. The industry is mainly based on the natural resources like timber, natural gas, oil and water. The gross state product in 2001 was $148.7 billion out of which mining contributed $28.1 billion (Louisiana Economy, n.d.). In spite of a worsening economic situation across Unites States, many residents of Leesville are enjoying abatement from the pain of fiscal suffering. According to Rand Alford, the owner of Alford Motors, Leesville’s condition is much better than many other states of America. His auto sales business has won recognition for his successful business ventures from the Leesville Rotary Club. He considered the city of Leesville to be safer and secured due to the presence of military in their area. Most of the business persons are of opinion that people of Leesville are fortunate enough to rescue to some extent from the economic crisis that has affected the national economy. As stated by Tammy Brafa, the managing broker of Magnolia